- The loss of Steinway Pianofabrik in Hamburg is $38,000, and the piano production there has fallen to 551 units, a 50% decline compared to the previous year.
- Notwithstanding the losses of Hamburg factory, Steinway & Sons’ net profit is $609,000.
- Henry Ziegler Steinway, Theodore E. Steinway’s second son, is born. In the future he will become the last Steinway family member in charge of Steinway & Sons.